Omc S/s Propeller 390850 12.25 X 15p on 2040-parts.com

VW halts merger talk with Porsche

Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.

Auctioneer Dean Kruse's money woes continue

Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.

Winners announced in Factory Five design competition

Earlier this year, we brought you news of an open-sourced design competition from American kit car manufacturer, Factory Five. The brief called for a compact, two-seat roadster that shared a drivetrain with the Subaru Impreza. The car would feature a bespoke space-frame chassis, but the mechanicals would be lifted from the Impreza to allow the car to sell for under $15,000.